Stock futures steadied Monday evening after a rally during the regular session sent the S&P 500 and Nasdaq to their highest levels since early March....
(Bloomberg) -- Oil held below $13 a barrel in Asia after the biggest oil ETF said it would dump the June crude contract amid dwindling global storage capacity.Futures in New York rose 1%, after plunging 25% on Monday. The United States Oil Fund LP said it would move all the money it invested in the front-month June WTI oil contract, triggering a massive swing in the price relationship between the June and July contracts. Brokerage firms are also restricting client’s abilities to add new positions to certain crude contracts.The global oil market is on track to test storage capacity limits in as little as three weeks, requiring the shut-in of nearly 20% of global production, according to Goldman Sachs Group Inc.In order to avoid Cushing storage from becoming more than 90% full in May and June, total production shut-ins would have to equate to 1 million barrels a day in May,...
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs. Van Beek and other farmers say they have no choice but to cull livestock as they run short on space to house their animals or money to feed them, or both....
A recent analysis by WorkHound of more than 30,000 commercial fleet drivers revealed growing concerns about pay during the COVID-19 pandemic – but fewer questions about personal protective gear. ...
Google, Facebook, Amazon and Apple are all set to report quarterly results this week. Payne Capital Management President Ryan Payne joins Yahoo Finance's Zack Guzman to break down the expectations....
(Bloomberg) -- Just before the coronavirus-induced U.S. lockdowns began in March, some of the world’s investing elite gathered at an invite-only event in Silicon Valley.Representatives for super-rich families and endowments crowded into Vina Enoteca, an Italian restaurant right by the Stanford University campus. They were there to hear from Lei Zhang, the charismatic founder of Hillhouse Capital Management Ltd. and from some of his top investments, including Zoom Video Communications Inc.’s Eric Yuan.In a packed room -- before social distancing became the norm -- Zhang and Yuan discussed how technology can change work-life balance. Neither could have predicted how much Covid-19 would change Zoom, or the world. One attendee said the evening was typical of his interactions with Hillhouse, with the rustic-chic eatery decked out in temporary drapes to maximize privacy: A mix of showmanship and exclusivity.Less than two decades after Zhang started Hillhouse with $20 million from Yale University’s endowment,...
